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S&P downgrades Israel's ratings to 'A+' from 'AA-' due to rising geopolitical risks 04/22/2024

Power And Risk Are Created By China's EV Survival Game 04/24/2024

IMF Worried About Debt And The Financial Difficulties Low-Income Nations Face 04/20/2024

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Business & Finance

Nickle mining companies to ride room in electric vehicle

Although EVs are driving up the growth of nikle miners, analysts say only half of them are likely to benefit from the increased demand. Mining analysts and executives have disclosed, although battery makers are increasingly turning to nickel to help power the global boom in electric cars, only 50%...

Asian stocks get a technological incentive

Asian stocks rose on Monday, as shares of technology companies are growing amid positive reports on profits and a large number of pre-orders for the iPhone X, Reuters reports. Shares of technology companies were the growth leaders in the MSCI index of the Asia-Pacific region outside of Japan. The...

Its Transportation And Healthcare IT Businesses Are Being Explored To Be Divested By GE: Sources

As General Electric Co seeks to reshape its portfolio under new Chief Executive John Flannery, the company is exploring the opportunities for divesting its transportation and healthcare information technology businesses, according to the media which reported this based on information from people...

Compared To Google And Facebook, China's Tech Giants Are Better Suited To Saudi Arabia

Saudi Arabia offers fertile ground for foreign expenditure because of an economy that is keen to diversify away from oil dependence and because it has a population where two-thirds are now under 30. But the race to capture this lucrative market will be technology behemoths from China, and...

'Game-Changer' EV Battery Being Worked On Feverishly For Mass Market By Toyota

With the potential to cut the cost of making electric cars, Toyota Motor Corp races to commercialize a battery breakthrough during the first half of the 2020s and is hence scrambling to solve outstanding issues. Replacing the liquid or gel-form electrolyte with a solid, conductive...

Q3 results: Internet giants keep growing

This week, three technological giants - Alphabet, Amazon and Microsoft – revealed their reports for the third quarter. All of them showed a significant increase in revenue and profit. According to experts, the growth of technology companies will continue in the future. Nevertheless, the giants are...

Pfizer to sell its healthcare business in November: Sources

As per Pfizer’s Chief Executive, the core reason for this divestiture is to provide a better return for shareholder’s money: its consumer healthcare is worth more outside the group than within. According to multiple source close to the matter at hand, Pfizer plans on divesting its $15 billion plus...

Three buyout groups likely to move on to next round of Unilever’s auctions for its spreads business: sources

Although the spreads market is shrinking in Western countries, the business has fat profit margins. As per multiple sources who are familiar with the matter at hand, at least 3 bidders are expected to be shortlisted for the second round of auctions for Unilever’s margarine and spreads business....

For Asian Payout, Heineken Bets On Motor Racing

In a strategy that depends on broadening the sport’s appeal in Asia and persuading fans to pay more for their beer, Heineken is betting on Formula One to help it reclaim the title of leading global lager from Budweiser. Rather than its higher-margin namesake lager, which it promotes at the...

EU’s antirtrust regulators raid offices of VW & Daimler

The raid follows Daimler’s claim of whistleblower status in the investigation that Germany’s top carmakers had colluded to fix the price of diesel cars and other technologies since decades. On Monday, antitrust officials from the European Union widened their investigation of alleged collusion...